Japan's Central Bank Chief Dogged by Painful History of Premature Moves -- WSJ
JPMorgan and UBS Group both lowered their target price for Japanese stocks, will the yen continue to rise?
Is the rebound temporary? JPMorgan and UBS Group are not bullish on Japan's stock market's prospects this year, believing that the closing of yen carry trades is not yet over. The Bank of New York Mellon boldly predicts that the yen against the US dollar could rise to 100.
Yen appreciation intensifies, both Morgan Stanley and UBS Group lower their target value for the Japanese stock market.
Due to the strength of the Japanese yen, JPMorgan and UBS Group's strategists have jointly lowered their year-end targets for Japan's major stock indexes.
To what extent has the Japanese yen arbitrage trade reached?
Nomura pointed out that yen short positions have been reduced by about half, but arbitrage trades have not been completely lifted. The depreciation of the yen may increase the risk of the Bank of Japan raising interest rates, which may pose risks to arbitrage traders.
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